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Self assessment and US dividends
iwant2asave
Posts: 151 Forumite
in Cutting tax
Hello,
Please can you help with the below scenario from a tax/self assessment point of view :
The only shares held are about $500 of US shares which have received dividends that had withholding tax of 15% already taken off at source. No other UK or foreign shares held.
I am unclear if the dividends from these shares are liable to both US withholding tax and UK tax or neither or just US withholding tax. Please could someone help clarify.
Sam
Please can you help with the below scenario from a tax/self assessment point of view :
The only shares held are about $500 of US shares which have received dividends that had withholding tax of 15% already taken off at source. No other UK or foreign shares held.
I am unclear if the dividends from these shares are liable to both US withholding tax and UK tax or neither or just US withholding tax. Please could someone help clarify.
Sam
0
Comments
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If they're the only dividends you've received then they fall within the (UK) dividend allowance of £2K, so no UK tax due:
https://www.gov.uk/tax-on-dividends
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eskbanker said:If they're the only dividends you've received then they fall within the (UK) dividend allowance of £2K, so no UK tax due:
https://www.gov.uk/tax-on-dividends0 -
iwant2asave said:eskbanker said:If they're the only dividends you've received then they fall within the (UK) dividend allowance of £2K, so no UK tax due:
https://www.gov.uk/tax-on-dividends1 -
[Deleted User] said:iwant2asave said:eskbanker said:If they're the only dividends you've received then they fall within the (UK) dividend allowance of £2K, so no UK tax due:
https://www.gov.uk/tax-on-dividends1 -
Got it thanks guys - so basically I guess US withholding tax paid on dividends is not reclaimable as part of Foreign tax credit relief on self assessment.
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It would be, if you had paid UK tax on them.1
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Jeremy535897 said:It would be, if you had paid UK tax on them.0
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